Los Angeles-based HR platform Fama announced Wednesday that it raised $10 million in fresh financing. The Series B, led by Silverton Partners, will fuel the remote-first company as it continues to scale.
Fama’s software gathers social media information from the public web and shares it with HR leaders to include in their talent screening process. In other words, if you’re in the process of looking for a new job, you’re going to want to reevaluate your Twitter privacy settings. In all seriousness though, a tool like the one Fama is offering could help businesses weed out any applicants harboring hate for underrepresented groups.
“When hiring managers are empowered to identify intolerance in their screening process, the result is an employee base that is rich in diversity that are more likely to unlock breakthroughs,” a spokesperson for the company said in a statement.
Businesses on the platform can get started by highlighting what data sources and online behaviors are relevant to their search. Fama handles the rest from there with its natural language processing and image recognition capabilities.
“The definition of a ‘background check’ has evolved substantially over the past five years,” Ben Mones, founder and CEO of Fama, said in a statement. “Businesses are finding that changes in the market, namely the enhanced focus on brand and reputation, and the importance of developing a welcoming workplace culture, mean that their screening products need to cover new types of risk.”
This, he says, is one of the main reasons that social media screening is on its way to becoming a top asset for screening professionals.
In the seven years since it was founded, Fama has done well for itself. The company’s client list includes more than 1,500 businesses across 32 countries.
Fama plans to use the fresh funding to scale its go-to-market team and launch new products. The company is now hiring for five open positions across its engineering, operations, marketing and sales teams. All positions are available for work remote.
The company has raised $17.7 million in venture capital financing to date, according to Crunchbase.
